On April 15, the Securities and Exchange Board of India barred Gensol Engineering promoters Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities market. The markets regulator also prohibited them from holding any key managerial roles, following findings that funds had been diverted in a loan-financed electric vehicle purchase scheme. According to SEBI’s…
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. Among the significant change introduced is a provision for allowing resolution professionals with the Committee of Creditor’s (CoC) approval, to invite…
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SINGAPORE: A 25-year-old Singaporean took to social media to express his worry that his poor credit score might once again stand in the way of landing a job. Posting on the r/askSingapore forum, he shared that he has accumulated about S$50,000 in debt, largely from credit cards and personal loans. And while he has consistently…
Dubai Civil Court of Appeal upheld the bankruptcy of a merchant and appointed an expert to liquidate his assets and settle his obligations to creditors. The decision came after all previous attempts to resolve his financial situation had been exhausted and he had ceased to pay his debts. The case dated back to May 2024,…
Firewood supply company’s assets to be sold following liquidation Insider Media Ltd Read the original article here
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Meyer Burger’s German subsidiaries file for insolvency pv magazine International Read the original article here
The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it did not…
Reliance Infrastructure In Trouble? Anil Ambani Group Firm Faces Insolvency Plea; Stock Down 3% Goodreturns Read the original article here